RE:Kirkland Lake Gold NEWS & Gold (Kitco News) Analyst LT Long From Goldcross post:
Kitco News) - Gold is preparing to ring in the new year above the
psychologically critical $1,500-an-ounce level and if this past year
is any indication, gold’s fortunes will continue to favor the bold,
according to one analyst.
As part of City Index’s bold prediction, technical analyst
Fawad Razaqzada said that he is looking for gold to hit a new
all-time high in 2020, with prices pushing to $2,000 an ounce -
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If KL is able to reduce AISC at Detour Lake from $1100 to $1000 and POG hits $2000 wouldn't that be great. Mining at $1k selling it at $2k.
Even better at Macassa and Fosterville.
Plus if its found to be doable the thruput at Detour will likely be increased above 600k.
If some deeper drilling at Detour discovers that grades increase with depth this stock will be an unstopable bullet train.
LOTS OF POTENTIAL UPSIDE !!
only a major drop in POG could slow this stock down now.